Oct 2015
Author(s): Wenner, Mark D.
Many independent countries in the Caribbean have large stocks of migrantsabroad who send remittances to relatives in the homeland. Most Caribbean
migrants reside in four principal host or…
Mar 2015
Author(s): Finkelstein-Shapiro, Alan; González Gómez, Andrés
This paper builds a small open economy business cycle model with labor and financial market frictions that incorporates frictional, endogenous self-employment entry and a link between formal credit…
Mar 2015
Author(s): Fernández Martín, Andrés; Tamayo, Cesar
This paper presents an integrated overview of the literature linking institutions, financial development and economic growth. From the large body of research on institutional development, the paper…
Jan 2015
Author(s): Carvalho, Carlos; Pasca, Nilda; Souza, Laura; Zilberman, Eduardo
This paper augments a relatively standard dynamic general equilibrium model with financial frictions in order to quantify the macroeconomic effects of the credit deepening process observed in many…
Oct 2014
Author(s): Bebczuk, Ricardo N.; Demaestri, Edgardo C.
El presente documento se enmarca en una iniciativa de investigación para apoyar el desarrollo del financiamiento a la vivienda en América Latina, que el Banco Interamericano de Desarrollo (BID)…
Jul 2014
Author(s): Cavallo, Eduardo A.; Fernández-Arias, Eduardo; Powell, Andrew
Several European countries face challenges reminiscent of those faced by the emerging economies of Latin America. The economic booms in some peripheral Euro-zone countries financed by large capital…
Jul 2014
Author(s): Bebczuk, Ricardo N.; Cavallo, Eduardo A.
This paper investigates the relevance of business saving for private saving and investment around the world by constructing and exploiting a broad international, unbalanced panel of 64 countries over…
Apr 2014
Author(s): Pailhé, Cristina
Este documento tiene por objetivo plantear lineamientos para que la División de Mercado de Capitales y Sistema Financiero (CMF) del Banco Interamericano de Desarrollo (BID) cuente con un enfoque…
Oct 2013
Author(s): Piras, Claudia; Presbitero, Andrea; Rabellotti, Roberta
Standards measures of female ownership and management of firms included in the World Bank Enterprise Survey do not support the existence of a gender gap in access to finance in the Latin American and…
Oct 2013
Author(s): Klinger, Bailey; Khwaja, Asim; LaMonte, Joseph
Access to finance remains a challenge for some micro, small, and medium-sized enterprises (MSMEs) in Peru, particularly informal enterprises with no borrowing history in the formal financial system.…
Sep 2013
Author(s): Torrentes-García, Laura; Rodríguez-Álvarez, Juan Antonio; Monge-González, Ricardo
Mediante una evaluación cuasi-experimental, este trabajo estudia el impacto de una capacitación tendiente a mejorar las prácticas administrativas y el desempeño de un grupo de micro, pequeñas y…
Aug 2013
Author(s): Galiani, Sebastián; Meléndez Arjona, Marcela
En este documento se exploran, en un contexto experimental, el impacto de dos intervenciones dirigidas a incentivar la formalización empresarial en Bogotá, Colombia, y el impacto de la formalización…
Aug 2013
Author(s): López Córdova, José Ernesto; Rodríguez Pueblita, José Carlos
El presente documento realiza un análisis de las finanzas públicas de los estados en México y, en particular, de sus obligaciones financieras. Se describe el marco institucional e histórico de las…
Mar 2013
Author(s): Smallridge, Diana; Buchner, Barbara; Trabacchi, Chiara; Netto, Maria; Gomes Lorenzo, José Juan; Serra, Lucila
Significant investments are needed to support the global transition to a low-carbon, climate resilient future. Current finance flows fall short of global financing needs, and massive scaling up is…
Mar 2013
Author(s): Smallridge, Diana; Buchner, Barbara; Trabacchi, Chiara; Netto, Maria; Gomes Lorenzo, José Juan; Serra, Lucila
Se necesitan inversiones significativas para apoyar la transición global hacia un futuro bajo en emisiones de carbono, resiliente al clima. Los flujos financieros actuales no son suficientes para…
Feb 2013
Author(s): Izquierdo, Alejandro; Loo-Kung, Rudy; Rojas-Suárez, Liliana
In recent years, and especially in the aftermath of the global financial crisis, a number of emerging market economies have been reforming their regulatory frameworks to adopt recommendations of the…
Jan 2013
Author(s): Galindo, Arturo; Rojas-Suárez, Liliana; del Valle, Marielle
The importance of having in place a financial regulatory framework that includes macro-prudential regulations was fully recognized during the recent global financial crisis. A central lesson from…
Jan 2013
Author(s): Pombo, Pablo; Molina, Horacio; Ramírez, Jesus N.
Los sistemas de garantía son instrumentos que tratan de mitigar las disfunciones que genera la exigencia de garantías a los empresarios en las operaciones crediticias. En este trabajo se diagnostican…
Dec 2012
Author(s): Caballero, Julián
This paper explores whether the level of financial integration of banks in a country increases the incidence of systemic banking crises. The paper uses a de facto proxy for financial integration…
Nov 2012
Author(s): Izquierdo, Alejandro; Manzano, Osmel
La región de América Central, Panamá y la República Dominicana, ha avanzado en los últimos años, tanto en materia de crecimiento como de fortalecimiento macroeconómico y de integración comercial con…